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Fraud, Security at the Crossroads

Andreas Baumhof, CTO, ThreatMetrix
Fraud, Security at the Crossroads

Fraud threats are ever-evolving, and the fraudsters continually adapt to anti-fraud solutions. The pressure is on banks to bring new technologies and strategies to the fight, says Andreas Baumhof.

See Also: Detecting Insider Threats Through Machine Learning

The CTO of anti-fraud vendor ThreatMetrix, Baumhof says fraud and security are at a critical crossroads, and he advises banking/security leaders on how to move forward effectively.

In an interview about fighting fraud, Baumhof discusses:

  • How fraud threats have evolved;
  • Why today's anti-fraud strategies fall short;
  • What is needed to truly deter fraudsters.

Baumhof is an internationally known cybersecurity expert with deep experience in the encryption, PKI, malware and phishing markets. Before joining online security and anti-malware provider ThreatMetrix, Baumhof was an executive director, CEO and co-founder of Australia-based TrustDefender, provider of security and fraud-detection technologies. He also previously served as co-founder and chief technology officer of Microdasys Inc., provider of deep-content security solutions. While there, Baumhof developed the first SSL proxy and has patents pending in Europe and the U.S.


About the Author

Tom Field

Tom Field

Vice President - Editorial, ISMG

Field is an award-winning journalist with over 30 years experience in newspapers, magazines, books, events and electronic media. A veteran community journalist with extensive business/technology and international reporting experience, Field joined ISMG in 2007 and currently oversees the editorial operations for all of ISMG's global media properties. An accomplished public speaker, Field has developed and moderated scores of podcasts, webcasts, roundtables and conferences, and he has appeared at RSA Conference and on various C-SPAN, The History Channel and Travel Channel television programs.




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